Have you heard the great news?! The City of Albuquerque would like to help you get into a new home! In 2009 The City of Albuquerque was granted Federal Funds in an effort to help rehabilitate foreclosed properties and make them available to income eligible families.
The goal of the NSP program is to help moderate to low income families realize their dreams of owning a home and at the same time they are helping neighborhoods bring life back into their community!
Now some may be asking, is this too good to be true? The answer is NO! With very few requirements you may be eligible for a grant up to $4,000.00 to go towards your closing costs!
And that’s not even the best part!! With the NSP program you can qualify for a zero percent second mortgage loan (no monthly payments!) up to $50,000.00!! Which means… drum roll please…… That you can purchase a home for $150,000.00 and only make payments on $100,000.00!!
Wait, I know your next question, what happens to the extra $50,000.00, does it magically disappear? No, it doesn’t, BUT you don’t even have to think about the no interest second mortgage unless you sell your home! Even then you only pay back the $50,000.00, NO INTEREST!
Talk to your Real Estate Agent today about teaming up with The Mike Roberts Mortgage Team and see you if you qualify for this great opportunity!
Written by Amalia Salazar with The Mike Roberts Mortgage Team at People’s Bank
Mike Roberts mroberts@bankingunusual.com www.MikeRobertsMTG.com (505) 463-7912
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